Press release
Global Plastic Closure Market to Witness a Pronounce Growth During 2023
For industry structure analysis, the Plastic Closure industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 25 % of the revenue market. Regionally, China is the biggest production value area of valves, also the leader in the whole Plastic Closure industry.
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Global Plastic Closure Market: Forecast by Type / Application / Region
The production of Plastic Closure increased from 1007.35 billion units in 2012 to 1197.26 billion units in 2016 with an average growth rate of 4.42%.
China occupied 30.69% of the production market in 2016. It is followed by Europe and North America, which respectively account for around 21.51% and 17.98% of the global total industry. Other countries have a smaller amount of production. Geographically, China was the largest consumption market in the world, which took about 28.13% of the global consumption volume in 2016.
Over the next five years, LPI(LP Information) projects that Plastic Closure will register a 3.9% CAGR in terms of revenue, reach US$ 14600 million by 2023, from US$ 12000 million in 2017.
Global Plastic Closure Market: Key Players
Bericap
Closure Systems International
Aptar Group
GCS
Silgan
ALPLA
THC
Berry Plastics
Mold Rite Plastics
Oriental Containers
Zijiang
Jinfu
ZhongFu
Blackhawk Molding
Mocap
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Related Information:
United States Plastic Closure Market Research Report 2018
Europe Plastic Closure Market Research Report 2018
North America Plastic Closure Market Research Report 2018
Asia-Pacific Plastic Closure Market Research Report 2018
China Plastic Closure Market Research Report 2018
EMEA Plastic Closure Market Research Report 2018
Global Plastic Closure Market Research Report 2018
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